Biggest U.S. Banks Could Face 20% Hike in Capital Requirements
Potential move would be part of a wave of new regulations to beef up oversight after several bank collapses
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SEC Sues Binance, CEO Changpeng Zhao for Violating Securities Laws
The lawsuit comes months after the Commodity Futures Trading Commission sued Binance for allegedly violating U.S. derivatives laws.
Spotify Lays Off 2% of Staff, Merges Gimlet and Parcast
The audio streaming giant laid off 200 employees on Monday, including podcasting staff.
Stability AI Founder Overstated Startup Strength, Report Says
The startup had quickly captured investors' attention due to its ties with AI image generator Stable Diffusion.
Zume, Startup That Tried to Reinvent Pizza Delivery, Shuts Down
A pandemic-era switch to developing packaging couldn't sustain the SoftBank-backed startup.
Twitter CEO Linda Yaccarino to Start Monday
The former NBCUniversal has already started to recruit her own staff, appointing ex NBCUniversal VP Joe Benarroch.
Second Twitter Safety Executive Resigns
Twitter’s head of brand safety and ad quality resigned late this week, following trust and safety head Ella Irwin’s departure from the company on Thursday.
U.S. Executive Order on Outbound Investment Will be ‘Narrow’
Assistant U.S. Treasury Secretary Paul Rosen said restrictions on U.S. investment in China will focus on advanced semiconductors, artificial intelligence and quantum computing, confirming earlier reports.
Amazon in Talks to Offer Cheap Mobile Plans to Prime Members
The company is negotiating with Verizon, T-Mobile and Boost Mobile owner Dish, Bloomberg reported.
California Assembly Passes News Bill Opposed by Meta
The bill would require tech companies to pay news outlets for hosting their content.
Ella Irwin, Twitter’s Head Trust and Safety, Resigns
Irwin has been among the most prominent executives at the company since Elon Musk took over.
SentinelOne’s Shares Plunge 35%
It’s the latest cybersecurity firm to cite macroeconomic factors challenging growth.
MongoDB Reports Strong Customer Growth, Hikes Sales Forecast
MongoDB surprised investors by far exceeding its earlier revenue and income targets, showing how databases are bucking the software spending slowdown.
SpaceX Wins Pentagon Contract for Ukraine
The Pentagon did not disclose the size of the contract.
Trian Chief Investment Officer and Co-Founder Ed Garden to Step Down
Josh Frank and Matt Peltz will become co-CIOs.
Meta Calls Employees Back to Office Three Days a Week
Employees were notified of the policy change Thursday.
Okta Shares Plummet After CEO Acknowledges Sales ‘Uncertainty'
Executives from identity management software provider Okta told investors that customers are asking for shorter contracts and pulling back on spending.
Microsoft Signs Deal With Cloud Startup for Access to GPUs
The deal is a sign that Microsoft can’t keep up with the computing demands of OpenAI.
Meta Announces Quest 3 Ahead of Apple Headset Debut
The company also said it would cut the cost of its existing Quest 2 headsets.
Verizon Packages Netflix and Paramount+ Together in New Streaming Bundle
Verizon's new streaming bundle comes as media, tech and telecom giants are looking to recreate the cable TV bundle for the streaming era.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy